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SPEC Process Engineering: Thoughts on a Better Project Approach

If you’ve been in the industrial or facilities side of the world for a while, you’re probably familiar with the headache that starts about the time you find out you have an expansion or maintenance project coming up. You don’t have time to make sure the engineers and architect coordinate their work or to babysit the subcontractors while they’re working on site. More frustrating is that even if you wanted to hire someone to manage your project, most of the big industry players wouldn’t look twice at your “small” (read: under $20 million) project.

New Blog Launched for SPEC Process Engineering & Construction

SPEC Process Engineering & Construction would like to announce the launch of our new blog. Contributors will include all of SPEC's engineers from disciplines including process, mechanical, chemical, electrical, and controls. Topics will include useful tips as well as solutions and lessons learned from specific projects. We hope that our wide range of experiences will provide a helpful resource to our readers and we look forward to your comments and questions.

SPEC Process Engineering & Construction

Rhode Island Tax Code: What Manufacturers Don’t Know but Should

In July of last year, the Rhode Island legislature enacted a change to the Rhode Island tax code regarding the state’s version of the federal Section 179 deduction. We’d hoped this change would increase the limit of the deduction, from $25,000 to the federal limit, at the time of $500,000.[i] However, the federal tax code reverted to its original Section 179 deduction limit of $25,000 at the beginning of 2014; essentially making the change to the Rhode Island tax code moot.[ii]

Industrial Energy Efficiency, Taking Advantage of Utilities Rebates

In August we outlined a number of utilities rebates available for improving industrial energy efficiency in Massachusetts, presented through Mass Save. By installing or retrofitting industrial process equipment to be more energy efficient, companies can obtain utilities rebates from companies such as NSTAR in Massachusetts. Here are two companies in New England: New York and Maine who are taking advantage of energy efficiency incentives to improve industrial energy usage:

Massachusetts Incentives for Equipment Improvements and Capital Projects for Manufacturing Facilities - Part Two

Manufacturing companies specializing in emerging technologies should consider moving their facilities to Massachusetts due to the resources and state incentives for expansion and equipment improvements.. Here are some examples of how specific Massachusetts-based manufacturing companies have used the various forms of financing to upgrade their facilities. Many large manufacturing companies have expanded their operations or improved their equipment in Massachusetts working with engineering firms such as SPEC, and several of our clients received state funding for both the expansion of their manufacturing facilities and the purchase of new industrial equipment:

Massachusetts Incentives for Capital Projects and Equipment Upgrades for Manufacturing Facilities Part I

Growing green technology, chemical process, and other manufacturing companies may want to consider moving their facilities to Massachusetts thanks to state incentives meant to encourage growth in this sector. Additionally, companies already located here can benefit from state incentives for capital and equipment improvements. Manufacturing facilities can receive tax credits, bonds, loans and guarantees and specialty financing from MassDevelopment, the state's finance and development authority. Investments in industrial equipment improvements and capital expansion projects are subsidized through several key programs: